Dogecoin Bounces Back 25%, Refuses To Give Up $0,05

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Dogecoin, the crypto coin that enjoys worldwide popularity because of the many memes one can make using it’s logo, is refusing to give up the $0,05 level and is up 25% today.

Even as Bitcoin sold off on Monday and dragged down the whole crypto market with it, the Doge price was able to hold on to previous support levels.

Using the same technology that was used to build other crypto coins like Bitcoin itself, Dogecoin is seeing renewed support in the cryptosphere. The iGen (those born between 1995 and 2012) and the millennial generation (those born between 1980 and 1994) are buying some just to be able to be part of a movement that has fans like Tesla CEO Elon Musk, Rapper Snoop Dogg and Kiss Singer Gene Simmons.

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Even billionaires like Dallas Mavericks owner Mark Cuban are getting into Doge. He recently admitted having bought some for his own son just to have something to discuss with him.

The WallStreetBets Chairman, a popular Twitter account that mimicks the movement of the Reddit group, got in on it and included Dogecoin in his latest Avengers-based movie meme in which he featured the dog as Spiderman.

The Shiba-Inu cryptocurrency is lending itself easily to a generation of meme creators and is therefore highly popular. Only problem is that it was introduced as a joke in 2013 to help raise public awareness of the capabilities of blockchain technology and has never been fully developed.

Cardano founder Charles Hoskinson recently proposed Elon Musk that the two of them should develop it together.

At the time of writing, Dogecoin is trading around $0,054 and has an all-time high of $0.087.

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